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About Initia
Analysis of 27 Feb 2026Initia is a Cosmos SDK-based Layer 1 blockchain designed for interwoven optimistic rollups, enabling developers to deploy application-specific Layer 2 chains called Minitias. Built by former Terraform Labs engineers Zon Mangalji and Stan Liu, the project raised $21.5M from Binance Labs, Theory Ventures, and Delphi Ventures at a $350M Series A valuation.
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Mainnet launched April 2025, featuring triple VM support (MoveVM, EVM, CosmWasm), the OPinit Stack for fraud-proof rollups, and Enshrined Liquidity allowing LP tokens to participate in consensus. INIT trades at $0.08 with $15M market cap, 182M circulating supply out of 1B max, and $34M TVL across the ecosystem.
